Why Raptor Pharmaceuticals (RPTP) Stock Is Gaining Today

NEW YORK (TheStreet) -- Raptor Pharmaceuticals (RPTP) was gaining 21.6% to $10.02 Friday after beating analysts' estimates for earnings and revenue in the second quarter and raising its sales guidance for the year.

For the second quarter the drug manufacturer reported a loss of -15 cents a share, beating analysts' estimates of a loss of -21 cents by 6 cents. The company reported revenue of $16.31 million for the quarter, while analysts surveyed by Thomson Reuters expected revenue of $14.58 million for the quarter.

Report Pharmaceuticals also announced that is now expects net products sales of $65 million to $70 million for the full year, up from $55 million to 65 million.

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